List of Indian business school rankings

Various newspapers and industry magazines publish lists of rankings of business schools in India. Whilst criteria for each publication differs, business schools included in rankings are those with full-time Master of Business Administration (MBA) or Post-Graduate Diploma in Management (PGDM) programs. Factors normally taken into account include placement, quality of faculty, quality of students, quality of infrastructure, industry brand image and strength and influence of alumni network.

Allegations of corruption in business school rankings

There are a number of reasons on why business school rankings that appear in media are considered inaccurate:[1]

1. Business schools manipulate the data provided to ranking providers.

2. Manipulation in data related to campus placement. In 2011, IIM Ahmedabad initiated the Indian Placement Reporting Standards (IPRS) to make placement reports transparent. Till the end of academic year 2014-15, only nine institutes went for auditing their placement data with an independent third party auditor. For 2012-14 batch, only four business schools willed to audit their placement report.[2][3]

3. Ranking providers giving favorable rankings to institutions that give advertisements and sponsorships to these magazines, and their events.[4]

4. All India Council for Technical Education (AICTE), the regulatory body for technical education in India, has called "upon the students, parents and the general public not to pay any capitation fee or any other fee other than that mentioned in the Prospectus of the Institutions for consideration of admission.".[5] AICTE also mentions that the fee charged from students, including for programs such as PGDM, has to be approved by the fee regulatory committee of the state, and the institute should mention the fee in its website.[6] As per AICTE norms, the business schools are not meant to charge a fee higher than what is mentioned in the prospectus. Many business schools provide only the data related to the officially recognised fee for the ranking providers, while taking fee from students under various other parameters (including capitation fee). Many business schools do not list the fee in the prospectus. All these contributes to make the ranking process a "Tamasha".[7]

5. Parameters that ascertain the quality of business education in these rankings are not yet comprehensive. Assessments done by Aspen Institute for ascertaining the quality of MBA programs attempted at considering broader parameters. One parameter included in their assessment was the number of courses offered in the business school that contain social, environmental or ethical component. Other parameters in this assessment included the number of teaching hours devoted to such courses that contain social, environmental or ethical component, the number of scholarly articles published by faculty members in peer-review business journals that contain social, environmental or ethical content etc.[8]

Suggestions to curb these manipulations in business school rankings included a stoppage of education related advertisements, consolidating a large number of inferior quality surveys to few high quality surveys that include visits and audit of these institutions and the data they provide, and mandatory auditing of placement reports.[9]

In spite of the allegations of inaccuracy due to vested interests, the business school rankings of leading MBA sites are still considered as a fair guiding direction for students when evaluating their choice of colleges. Also, the fact that admissions to top Indian colleges, specifically the IIMs are considered to be the most competitive in the world,[10] result in heavier importance being attached to the IIMs as brand as compared to individual rankings.

Institutions, such as FMS Delhi, JBIMS Mumbai, business schools under central universities (for example: University of Hyderabad, Pondicherry University, Benares Hindu University) and state universities, business schools under some of the IITs, IISc etc. offer an MBA that charge a considerably lower fee from the student.[11][12][13][14][15] Some of these institutions are also ranked amongst the top 100 business schools in India. However, business school ranking parameters do not consider the 'comprehensive fee that a student has to pay' as a parameter/ do not give due weightage to this parameter.

Rankings

DNP = Did not participate; - = Unranked; (# in brackets) = the number of colleges ranked in the survey's published results.

College City State Business Today
(269)
[16]		 Business World

(150)

[17]

 Careers360
2016(100)
[18]		 Careers360
2017 (100)[19]		 Eduniversal
(47)
[20]		 Outlook India
(100)
[21]		 NIRF MHRD
(100)
[22]
Balaji Institute of Modern Management(BIMM) Pune Maharashtra 48 2457 59 35
Pune Institute of Business Management (PIBM) Pune Maharashtra 108 - - - - 93
Birla Institute of Management Technology Greater Noida Uttar Pradesh 20 29- - 18 -
Birla Institute of Technology and Science Pilani Rajasthan - 49- - - 18
Indian Institute of Foreign Trade New Delhi Delhi 10 15 19 14 16 7
Indian Institute of Management Ahmedabad Ahmedabad Gujarat 1 1 2 1 2 1 2
Indian Institute of Management Udaipur Udaipur Rajasthan DNP 32 DNP 30 DNP DNP 5
Indian Institute of Management Bangalore Bangalore Karnataka DNP 2 1 2 1 DNP 1
Indian Institute of Management Calcutta Kolkata West Bengal 2 3 3 3 3 2 3
Indian Institute of Management Indore Indore Madhya Pradesh 8 10 10 9 12 DNP 10
Indian Institute of Management Kozhikode Kozhikode Kerala 7 11 8 5 11 5 6
Indian Institute of Management Lucknow Lucknow Uttar Pradesh DNP 4 6 7 8 DNP 4
Indian Institute of Management Shillong Shillong Meghalaya 19 35 18 18 - 15
Indian Institute of Science Bangalore Karnataka 32 - 20 22 - -
Indian Institute of Technology Delhi New Delhi Delhi 17 24 4 6 6 17
Indian Institute of Technology Kanpur Kanpur Uttar Pradesh - 17 20 - -
Indian Institute of Technology Kharagpur Kharagpur West Bengal 16 28 11 12 - -
Indian Institute of Technology Madras Chennai Tamil Nadu - - 5 13 - 20
Indian Institute of Technology Roorkee Roorkee Uttarakhand - - 9 15 - -
Indian School of Business Mohali/Hyderabad Punjab/Telangana - - 100 - 4 -
Institute of Management Technology, Ghaziabad Ghaziabad Uttar Pradesh 13 - 26 - 15 19
MIT School of Business Pune Mahrashtra 128 7898 - DNP DNP
International Management Institute, New Delhi New Delhi Delhi 9 20 DNP DNP 33 13 7
XLRI - Xavier School of Management Jamshedpur Jharkhand 3 5 7 4 9 3
Management Development Institute Gurgaon Haryana 5 6 15 10 7 12 11
Narsee Monjee Institute of Management Studies Mumbai Maharashtra 11 8 34 32 24 10
National Institute of Industrial Engineering Mumbai Maharashtra 12 13 13 11 45 9
National Institute of Technology Tiruchirapalli Tiruchirapalli Tamil Nadu 33 - 41 39 - 25 34
Shailesh J. Mehta School of Management Mumbai Maharashtra 22 14 8 5
S. P. Jain Institute of Management and Research Mumbai Maharashtra 4 7 16 17 14 6
Symbiosis Centre for Management and Human Resource Development Pune Maharashtra 27 42 36 29 14
Symbiosis Institute of Business Management Pune Maharashtra 15 16- 80 36 8
T. A. Pai Management Institute Manipal Karnataka 18 21 24 19 21 16
Tata Institute of Social Sciences Mumbai Maharashtra 19- - 19
University of Delhi New Delhi Delhi 6 9 12 16 10 4
Xavier Institute of Management, Bhubaneswar Bhubaneswar Odisha 14 18 29 27 23 11
SCMS, Cochin Cochin Kerala 19 3468 75 29 15
Xavier Institute of Management and Entrepreneurship Bangalore Karnataka 70 50 51 13

See also

References

  1. ↑ http://www.coolavenues.com/b-school-updates/the-great-b-school-ranking-tamasha%3A-what-went-wrong!
  2. ↑ http://www.iimahd.ernet.in/iprs/download.php
  3. ↑ http://www.crisil.com/ratings/bschool-school-iprs-data-audit.html
  4. ↑ http://www.coolavenues.com/b-school-updates/b-school-ranking-survey-gets-%27f%27-grade
  5. ↑ http://www.aicte-india.org/downloads/notice_prohibition_capitation_fee.pdf
  6. ↑ (PDF) http://www.aicte-india.org/downloads/ApprovalProcessHandbook2016-17.pdf. Retrieved 17 September 2016. Missing or empty |title= (help)
  7. ↑ http://www.coolavenues.com/b-school-updates/the-great-b-school-ranking-tamasha%3A-what-went-wrong!
  8. ↑ (PDF) http://www.aspeninstitute.org/sites/default/files/content/docs/pubs/BGP%202011-2012%20Global%20Report-small.pdf. Retrieved 8 April 2016. Missing or empty |title= (help)
  9. ↑ http://digitallearning.eletsonline.com/2014/01/how-foolproof-are-placement-reports/
  10. ↑ "Top MBA Colleges in India - Business School Rankings (2016)". 2013-07-08. Retrieved 2016-07-21.
  11. ↑ Career Anna http://www.careeranna.com/articles/mba-colleges-in-india-with-low-fees/. Retrieved 28 August 2016. Missing or empty |title= (help)
  12. ↑ (PDF) http://www.uohyd.ac.in/images/pdf/fee15-16.pdf. Retrieved 28 August 2016. Missing or empty |title= (help)
  13. ↑ http://www.pondiuni.edu.in/content/fee-details. Retrieved 28 August 2016. Missing or empty |title= (help)
  14. ↑ http://www.bhu.ac.in/fms/academics.php. Retrieved 4 September 2016. Missing or empty |title= (help)
  15. ↑ http://admissions.iisc.ernet.in/web/Default.aspx?ses=%20m130kveelplj0m45z104gnj3&pid=ScholarshipsFees
  16. ↑ "Best Business Schools in India Full Ranking - Business Today". Retrieved 12 February 2016.
  17. ↑ Bureau, BW Online. "B School Rankings 2015". Retrieved 2016-06-30.
  18. ↑ "Top Business Colleges 2016". Retrieved 12 February 2016.
  19. ↑ "Top Business Schools in India 2017".
  20. ↑ "Business Schools Ranking in India". Retrieved 12 February 2016.
  21. ↑ "India's Best B-Schools In 2015". Retrieved 12 February 2016.
  22. ↑ "India's Best B-Schools In 2016". Retrieved 20 April 2016.
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